Scotgold Resources Ltd doubled losses while increasing revenue from the start of production at the Cononish gold and silver mine near Tyndrum, Scotland. FINANCES The company’s annual results for year ended 30 June 2022 showed total revenues rose to A$17.8 million / £9.9m for 2022 (2021: A$300,000/£166,000) Loss before taxation increased to A$10.8m / £6m (2021: A$5m […]
Day: 15 November 2024
Tolsa continues Pioche sepiolite option deal
Sunrise Resources plc reported that, following positive trenching results, Tolsa USA Inc will continue the option agreement to acquire the Pioche sepiolite project in Nevada, USA. EVALUATION WORK In June 2022, Sunrise granted the Spanish group’s subsidiary an exclusive option to buy the asset for $1.25 million in cash. Tolsa began trenching work in October […]
Block testing proves unswept oil in Patardzeuli field
Block Energy plc said that the JSR-01 DEEP testing programme had proven oil from a previously unproduced zone in the Patardzeuli field in Block X1B, Georgia. RESULTS The company began drilling the well in July 2022 under Project II comprising the full redevelopment of Patardzeuli. Block Energy today reported that results demonstrated the company’s concept […]
Oriole earn-in partner sells Senala gold interest
Oriole Resources plc’s earn-in partner in the Senala gold project has sold its portfolio in Senegal, Mali and Guinea for a total $282 million to Managem Group. OPTION AGREEMENT IAMGOLD Corporation had an option agreement on Senala where it recently earned a 51% initial interest by spending $4m over four years. The Canadian company could […]